Go Outdoors has been acquired by sportswear giant JD Sports in a £112.3 million deal.
JD Sports has bought the outdoor retailers 58 store UK empire from private equity owners YFM Equity Partners and 3i Group.
The new acquisition will also see both of Go Outdoors founders Paul Caplan and John Graham leave the business.
Seeing a profit of £4.9 million last year and total revenues of £202.2 million Go Outdoors will now be added to JD Sports Fashion PLC‘s list of outdoor retailers including Black and Millets, alongside fashion retailers like Size?
“Go Outdoors is a great addition to our existing Outdoor business,” JD Sports chief executive Peter Cowgill said.
“The minimal overlap in store locations and their out-of-town, one-stop retailer approach complements the work we have done on the high street with Blacks and Millets and further strengthens our offering in the Outdoor sector. I am excited by the future prospects this holds for the JD Group.”
The group posted record half year results recently as it continues its international expansion plans, pushing into Europe and Australia. It recently acquired Australia‘s Next Athleisure which it states provides “the platform to open JD in Australia”.